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A group from MIT and Harvard working to establish a residential community close to the Institute will host two meetings, on May 23 and May 25, to present plans for developing property near Kendall Square in Cambridge.
Both meetings will be held in the Stata Center, Room 32-123. The meeting on Tuesday, May 23, will be 8 to 9:30 a.m., and the meeting on Thursday, May 25 will be noon to 1:30 p.m.
The group, University Residential Community (URC), has been exploring the possibilities for developing a residential community for the past three years.
"We believe that we now have a chance to make this happen in a property at 303 Third Street, one block from Kendall Square. If there are indications of sufficient interest, URC will attempt to purchase a block of units that will be organized as a cooperative to insure that this housing will be available over time to MIT and Harvard affiliates," wrote Paul E. Gray, MIT president emeritus and professor of electrical engineering, in an e-mail on behalf of URC this week.
At both meetings, a developer will present plans for the buildings and describe the proposed living units. All interested members of the Institute community, as well as URC subscribers, are welcome.
The proposed URC project is "fully permitted by the City of Cambridge. It includes more than 500 living units in two separate buildings. One building will be entirely for rental units and the other will contain 239 living units for purchase. The site will have underground parking, retail space on the ground floor facing Third Street, an indoor pool and a fitness center," Gray wrote.